IPDC

03 Sep

Ministry rejects financing of three new industrial parks

ethionegari@gmail.com0 CommentsNewsAddisAbaba, EthioNegari, Ethiopia, IPDC, PEHA

Ahmed Shide, Minister of Finance, humbly rejected an industrial park development plan presented by the Industrial Parks Development Corporation (IPDC). Aysha, Asosa, and Bishoftu are the new public industrial park development projects. After hearing the corporation’s proposal for the next fiscal year 2022/23 on September 1, 2022 at the Hilton Addis hotel, Ahmed emphasized that the government has no funds for new industry park development projects, as the ministry has been overstretching to bridge a 4.5 percent budget deficit ratio to GDP. Kebede Geleta, Industrial Parks division director at the Public Enterprises Holding and Administration (PEHA), which governs State Owned…

05 Jul

Parker Clay, Akshay Jain Agree to Enter Ethiopian Industrial Parks

ethionegari@gmail.com0 CommentsNewsAddisAbaba, CEO, EthioNegari, Ethiopia, IPDC

Two private manufacturing firms, Parker Clay Plc and Akshay Jain have today agreed to start operations inside the Addis Ababa and Jimma industrial parks, respectively. The Ethiopian Industrial Parks Development Corporation (IPDC) on Monday signed the memorandum of understanding with officials of Parker Clay Plc, and Akshay Jain Plc, respectively. Accordingly, Parker Clay manufacturing will invest at least 30 million Birr on 1,150 square meters of shade inside Addis Industrial Park. The company plans to manufacture leather products in its newly acquired shade and expects to eventually create job opportunities for at least 300 people. Akshay Jain Company, on the…